US to spearhead economic recovery

By Antony Gifford, a fund manager at Henderson Global Investors Global equity markets rallied strongly in October, as better-than-expected corporate earnings, and perceptions that a military attack on Iraq was not imminent, encouraged investors to snap up attractively-valued shares. Technology and telecommunications stocks, which had been heavily oversold, enjoyed some of the strongest gains. This was despite disappointing economic data across all regions, but particularly in the US, which rekindled concerns about the health of the global economy and raised expectations that centra...